MCX
Multi Commodity Exchange
Max pain for MCX
20 Jun 2025 04:10 PM IST
Max Pain for MCX is 7700
Strike 5500 has a total call value of 0 versus a total put value of 404,056,000,000 Combined total value = 404,056,000,000
Strike 5600 has a total call value of 0 versus a total put value of 381,116,000,000 Combined total value = 381,116,000,000
Strike 5700 has a total call value of 0 versus a total put value of 358,176,000,000 Combined total value = 358,176,000,000
Strike 5800 has a total call value of 0 versus a total put value of 335,292,000,000 Combined total value = 335,292,000,000
Strike 5900 has a total call value of 0 versus a total put value of 312,578,000,000 Combined total value = 312,578,000,000
Strike 6000 has a total call value of 0 versus a total put value of 289,960,000,000 Combined total value = 289,960,000,000
Strike 6100 has a total call value of 146,000,000 versus a total put value of 267,915,000,000 Combined total value = 268,061,000,000
Strike 6200 has a total call value of 292,000,000 versus a total put value of 246,080,000,000 Combined total value = 246,372,000,000
Strike 6300 has a total call value of 521,000,000 versus a total put value of 224,516,000,000 Combined total value = 225,037,000,000
Strike 6400 has a total call value of 750,000,000 versus a total put value of 203,199,000,000 Combined total value = 203,949,000,000
Strike 6500 has a total call value of 1,081,000,000 versus a total put value of 182,207,000,000 Combined total value = 183,288,000,000
Strike 6600 has a total call value of 1,666,000,000 versus a total put value of 162,450,000,000 Combined total value = 164,116,000,000
Strike 6700 has a total call value of 2,455,000,000 versus a total put value of 143,331,000,000 Combined total value = 145,786,000,000
Strike 6800 has a total call value of 3,583,000,000 versus a total put value of 124,790,000,000 Combined total value = 128,373,000,000
Strike 6900 has a total call value of 5,174,000,000 versus a total put value of 107,162,000,000 Combined total value = 112,336,000,000
Strike 7000 has a total call value of 7,087,000,000 versus a total put value of 90,695,000,000 Combined total value = 97,782,000,000
Strike 7100 has a total call value of 9,677,000,000 versus a total put value of 76,059,000,000 Combined total value = 85,736,000,000
Strike 7200 has a total call value of 12,510,000,000 versus a total put value of 61,858,000,000 Combined total value = 74,368,000,000
Strike 7300 has a total call value of 16,447,000,000 versus a total put value of 49,788,000,000 Combined total value = 66,235,000,000
Strike 7400 has a total call value of 20,675,000,000 versus a total put value of 38,476,000,000 Combined total value = 59,151,000,000
Strike 7500 has a total call value of 25,416,000,000 versus a total put value of 28,455,000,000 Combined total value = 53,871,000,000
Strike 7600 has a total call value of 30,695,000,000 versus a total put value of 19,798,000,000 Combined total value = 50,493,000,000
Strike 7700 has a total call value of 37,253,000,000 versus a total put value of 12,892,000,000 Combined total value = 50,145,000,000
Strike 7800 has a total call value of 44,345,000,000 versus a total put value of 7,487,000,000 Combined total value = 51,832,000,000
Strike 7900 has a total call value of 52,543,000,000 versus a total put value of 3,894,000,000 Combined total value = 56,437,000,000
Strike 8000 has a total call value of 62,210,000,000 versus a total put value of 1,578,000,000 Combined total value = 63,788,000,000
Strike 8100 has a total call value of 74,628,000,000 versus a total put value of 681,000,000 Combined total value = 75,309,000,000
Strike 8200 has a total call value of 88,978,000,000 versus a total put value of 243,000,000 Combined total value = 89,221,000,000
Strike 8300 has a total call value of 105,578,000,000 versus a total put value of 61,000,000 Combined total value = 105,639,000,000
Strike 8400 has a total call value of 123,343,000,000 versus a total put value of 16,000,000 Combined total value = 123,359,000,000
Strike 8500 has a total call value of 142,069,000,000 versus a total put value of 0 Combined total value = 142,069,000,000
Strike 8600 has a total call value of 163,115,000,000 versus a total put value of 0 Combined total value = 163,115,000,000
Strike 8700 has a total call value of 185,164,000,000 versus a total put value of 0 Combined total value = 185,164,000,000
Strike 8800 has a total call value of 208,069,000,000 versus a total put value of 0 Combined total value = 208,069,000,000
Strike 8900 has a total call value of 231,511,000,000 versus a total put value of 0 Combined total value = 231,511,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 441.3 | 460 |
| ABB | 5968.5 | 6000 |
| ABCAPITAL | 260.28 | 247.5 |
| ABFRL | 73.66 | 80 |
| ACC | 1823 | 1900 |
| ADANIENSOL | 828.1 | 860 |
| ADANIENT | 2448.4 | 2540 |
| ADANIGREEN | 947.7 | 1000 |
| ADANIPORTS | 1349.3 | 1400 |
| ALKEM | 4773.5 | 4900 |
| AMBUJACEM | 533.45 | 560 |
| ANGELONE | 2827.7 | 2950 |
| APLAPOLLO | 1769.8 | 1840 |
| APOLLOHOSP | 7063.5 | 7000 |
| ASHOKLEY | 235.15 | 237.5 |
| ASIANPAINT | 2285.7 | 2260 |
| ASTRAL | 1558.5 | 1520 |
| ATGL | 617.1 | 650 |
| AUBANK | 795.35 | 770 |
| AUROPHARMA | 1097.2 | 1140 |
| AXISBANK | 1220.7 | 1210 |
| BAJAJ-AUTO | 8371 | 8390 |
| BAJAJFINSV | 1986.2 | 2000 |
| BAJFINANCE | 905 | 920 |
| BALKRISIND | 2420.4 | 2480 |
| BANDHANBNK | 180.05 | 177.5 |
| BANKBARODA | 234.15 | 240 |
| BANKINDIA | 113.18 | 115.95 |
| BDL | 1902 | 1900 |
| BEL | 408.25 | 400 |
| BHARATFORG | 1278.3 | 1280 |
| BHARTIARTL | 1936.7 | 1880 |
| BHEL | 250.45 | 255 |
| BIOCON | 351.35 | 350 |
| BLUESTARCO | 1610 | 1600 |
| BOSCHLTD | 32290 | 32000 |
| BPCL | 313.5 | 315 |
| BRITANNIA | 5587 | 5550 |
| BSE | 2688.1 | 2650 |
| BSOFT | 421.4 | 420 |
| CAMS | 4167.4 | 4150 |
| CANBK | 107.22 | 108 |
| CDSL | 1685.8 | 1700 |
| CESC | 163.39 | 165 |
| CGPOWER | 688.25 | 690 |
| CHAMBLFERT | 550.85 | 560 |
| CHOLAFIN | 1557.5 | 1560 |
| CIPLA | 1499.7 | 1500 |
| COALINDIA | 389.05 | 400 |
| COFORGE | 1832 | 1760 |
| COLPAL | 2402.3 | 2440 |
| CONCOR | 738.25 | 760 |
| CROMPTON | 344.6 | 350 |
| CUMMINSIND | 3271.5 | 3250 |
| CYIENT | 1306.6 | 1320 |
| DABUR | 466.9 | 475 |
| DALBHARAT | 2040.2 | 2040 |
| DELHIVERY | 357.85 | 360 |
| DIVISLAB | 6592 | 6600 |
| DIXON | 14047 | 14500 |
| DLF | 854.25 | 840 |
| DMART | 4300.3 | 4200 |
| DRREDDY | 1325.3 | 1300 |
| EICHERMOT | 5525 | 5450 |
| ETERNAL | 253.33 | 250 |
| EXIDEIND | 380.25 | 390 |
| FEDERALBNK | 207.51 | 207.5 |
| FORTIS | 755.25 | 750 |
| GAIL | 181.85 | 190 |
| GLENMARK | 1636.7 | 1600 |
| GMRAIRPORT | 80.97 | 84 |
| GODREJCP | 1189.4 | 1220 |
| GODREJPROP | 2432 | 2400 |
| GRANULES | 487.35 | 520 |
| GRASIM | 2712.6 | 2680 |
| HAL | 4973.1 | 5000 |
| HAVELLS | 1533.5 | 1560 |
| HCLTECH | 1739.9 | 1700 |
| HDFCAMC | 4958.6 | 4950 |
| HDFCBANK | 1964.7 | 1960 |
| HDFCLIFE | 778.95 | 770 |
| HEROMOTOCO | 4338.5 | 4300 |
| HFCL | 81.72 | 85 |
| HINDALCO | 649.15 | 650 |
| HINDCOPPER | 248.67 | 250 |
| HINDPETRO | 392.25 | 400 |
| HINDUNILVR | 2306.2 | 2320 |
| HINDZINC | 438.6 | 450 |
| HUDCO | 227.15 | 240 |
| ICICIBANK | 1427.1 | 1430 |
| ICICIGI | 1971 | 1940 |
| ICICIPRULI | 633.75 | 640 |
| IDEA | 6.56 | 7 |
| IDFCFIRSTB | 70.19 | 70 |
| IEX | 182.51 | 192.5 |
| IGL | 205.67 | 205 |
| IIFL | 474.7 | 480 |
| INDHOTEL | 765.65 | 770 |
| INDIANB | 615.65 | 620 |
| INDIGO | 5390 | 5400 |
| INDUSINDBK | 840.25 | 820 |
| INDUSTOWER | 404.3 | 395 |
| INFY | 1622.9 | 1600 |
| INOXWIND | 170.65 | 180 |
| IOC | 138.65 | 142 |
| IRB | 48.63 | 50 |
| IRCTC | 756.6 | 780 |
| IREDA | 165.07 | 170 |
| IRFC | 134.2 | 140 |
| ITC | 418.55 | 420 |
| JINDALSTEL | 899.05 | 930 |
| JIOFIN | 294.25 | 295 |
| JSL | 670.2 | 670 |
| JSWENERGY | 499.3 | 510 |
| JSWSTEEL | 1005.55 | 1000 |
| JUBLFOOD | 695.8 | 680 |
| KALYANKJIL | 518.35 | 530 |
| KAYNES | 5864.5 | 5700 |
| KEI | 3574.5 | 3600 |
| KOTAKBANK | 2169.8 | 2140 |
| KPITTECH | 1394.5 | 1380 |
| LAURUSLABS | 651 | 640 |
| LICHSGFIN | 594.55 | 600 |
| LICI | 936.55 | 950 |
| LODHA | 1483.2 | 1460 |
| LT | 3662 | 3640 |
| LTF | 190.05 | 185 |
| LTIM | 5376.5 | 5300 |
| LUPIN | 1948 | 1980 |
| M&M | 3184.4 | 3100 |
| M&MFIN | 262.6 | 270 |
| MANAPPURAM | 271.45 | 250 |
| MANKIND | 2288.8 | 2350 |
| MARICO | 693.3 | 700 |
| MARUTI | 12791 | 12500 |
| MAXHEALTH | 1213.8 | 1200 |
| MAZDOCK | 3256.4 | 3300 |
| MCX | 8085 | 7700 |
| MFSL | 1595.3 | 1560 |
| MGL | 1394.8 | 1380 |
| MOTHERSON | 150.2 | 152.5 |
| MPHASIS | 2696.1 | 2620 |
| MUTHOOTFIN | 2606.4 | 2500 |
| NATIONALUM | 183.99 | 190 |
| NAUKRI | 1505.1 | 1480 |
| NBCC | 117.08 | 117 |
| NCC | 221.3 | 230 |
| NESTLEIND | 2360.4 | 2380 |
| NHPC | 82.31 | 86 |
| NMDC | 67.94 | 70 |
| NTPC | 335.2 | 340 |
| NYKAA | 197.07 | 197.5 |
| OBEROIRLTY | 1910.9 | 1880 |
| OFSS | 9395.5 | 9300 |
| OIL | 464.9 | 460 |
| ONGC | 251.89 | 250 |
| PAGEIND | 44925 | 46000 |
| PATANJALI | 1649.6 | 1680 |
| PAYTM | 871.2 | 880 |
| PEL | 1131.3 | 1140 |
| PERSISTENT | 6106.5 | 5900 |
| PETRONET | 295.4 | 310 |
| PFC | 409.05 | 410 |
| PHOENIXLTD | 1616.1 | 1600 |
| PIDILITIND | 2956.1 | 3000 |
| PIIND | 4121.5 | 4000 |
| PNB | 103.04 | 103.1 |
| PNBHOUSING | 1049.8 | 1080 |
| POLICYBZR | 1901.3 | 1880 |
| POLYCAB | 6000.5 | 6000 |
| POONAWALLA | 414.9 | 420 |
| POWERGRID | 293.1 | 295 |
| PPLPHARMA | 195.1 | 200 |
| PRESTIGE | 1716.3 | 1640 |
| RBLBANK | 228.03 | 220 |
| RECLTD | 394.45 | 400 |
| RELIANCE | 1466.2 | 1450 |
| RVNL | 390.6 | 400 |
| SAIL | 127.48 | 130 |
| SBICARD | 945.6 | 950 |
| SBILIFE | 1810.9 | 1800 |
| SBIN | 796.15 | 800 |
| SHREECEM | 28875 | 29500 |
| SHRIRAMFIN | 666.35 | 670 |
| SIEMENS | 3214.2 | 3300 |
| SJVN | 96.97 | 100 |
| SOLARINDS | 16996 | 16500 |
| SONACOMS | 486.95 | 500 |
| SRF | 3030.1 | 3050 |
| SUNPHARMA | 1665.1 | 1680 |
| SUPREMEIND | 4465.8 | 4500 |
| SYNGENE | 631.2 | 650 |
| TATACHEM | 913.85 | 920 |
| TATACOMM | 1654.5 | 1680 |
| TATACONSUM | 1100.2 | 1090 |
| TATAELXSI | 6319 | 6300 |
| TATAMOTORS | 676.2 | 690 |
| TATAPOWER | 390.1 | 400 |
| TATASTEEL | 151.97 | 153.9 |
| TATATECH | 706.65 | 730 |
| TCS | 3435.7 | 3460 |
| TECHM | 1696.1 | 1660 |
| TIINDIA | 2926.3 | 3000 |
| TITAGARH | 865.95 | 920 |
| TITAN | 3519 | 3500 |
| TORNTPHARM | 3167.2 | 3200 |
| TORNTPOWER | 1390.1 | 1400 |
| TRENT | 5897.5 | 5700 |
| TVSMOTOR | 2812.1 | 2780 |
| ULTRACEMCO | 11458 | 11300 |
| UNIONBANK | 143.48 | 145 |
| UNITDSPR | 1458.9 | 1500 |
| UNOMINDA | 1061.6 | 1060 |
| UPL | 633.5 | 630 |
| USDINR | 86.79 | 86 |
| VBL | 459.6 | 470 |
| VEDL | 447.1 | 450 |
| VOLTAS | 1293.9 | 1280 |
| WIPRO | 266.54 | 260 |
| YESBANK | 19.73 | 21 |
| ZOMATO | 0 | 200 |
| ZYDUSLIFE | 957.1 | 960 |
Note:
| Stock LTP > Max Pain | Bearish Trend |
| Stock LTP < Max Pain | Bullish Trend |
What is Max Pain?
Max pain, or the max pain price, is the strike price with the most open contract puts and calls - and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
Calculating Max Pain
Max pain is a simple but time consuming calculation. Essentially, it is the sum of the outstanding put and call dollar value of each in-the-money strike price. For each in-the-money strike price for both puts and calls:
- Find the difference between stock price and strike price
- Multiply the result by open interest at that strike
- Add together the dollar value for the put and call at that strike
- Repeat for each strike price
- Find the highest value strike price. This price is equivalent to max pain price.
How can a trader benefit?
As the option expiration approaches, option writers will try to buy or sell shares of stock to drive the price toward a closing price that is profitable for them, or at least to hedge their payouts to option holders. Call writers sell shares to drive share price down and Put holders buy shares to drive share price up. The max pain strike price exists somewhere in the middle.
